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trapecia [35]
3 years ago
7

Before you started applying for college, a job recruiter offered you a full-time cashier position at a department store, earning

an after-tax salary of $24,000 per year. However, you turn down this offer and attend your first year of college. The additional monetary cost of college to you, including tuition, supplies, and additional housing expenses, is $38,000.You decide to go to college, probably because:_______
Business
1 answer:
anygoal [31]3 years ago
3 0

Answer:

Because as an individual or person i value a year of college at more than $62,000

Explanation:

Solution

Because a year of college at more than $62,000  is valuable or important to me.

It is important to know that the total opportunity cost of attending the first year of college is the total of the lost earning and additional monetary cost of college.

Since you expect that college education is going to give you a greater economic earnings then you are valuing college education in the first year more than $63,000 which is its opportunity cost .

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Which of the following would be considered a savings alternative?
olganol [36]
B. is the answer thanks
7 0
3 years ago
Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $5.60 dividend every year, in perpetuity. If thi
faltersainse [42]

Answer:

Required rate of return is 6.97%

Explanation:

The required rate of return can be ascertained from the price formula below when the subject of the formula is changed to rate of return instead of stock price:

Stock price =dividend/required rate of return

stock price is $80.40

required rate of return is unknown

the dividend on the preferred stock is $5.60

required rate of return=dividend/stock price

required rate of return =$5.60/$80.40=6.97%

The required rate of return based on the stock price and dividend information provided is 6.97%

4 0
3 years ago
Which type of fiscal policy takes longer to affect the economy: demand-side or supply-side?
11Alexandr11 [23.1K]

Answer:

A.) supply-side

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

A supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.

This ultimately implies that, increasing the supply of goods and services would cause an economic growth for a country.

Hence, a supply-side fiscal policy is typically designed to create an outward shift in the production possibilities curve (PPC) and shift the aggregate supply (AS) curve to the left.

Generally, a supply-side fiscal policy takes a longer period of time to affect the economy of a country.

5 0
2 years ago
Put yourself in sue mccaskey's position and prepare a detailed report to dan block and ed spriggs on managing the inventory of t
PolarNik [594]

Answer:

Explanation:

Find attached the solution

6 0
3 years ago
Prine Company purchased equipment on January ​1, 2018​, for $ 25 comma 000. Suppose Prine Company sold the equipment for $ 3 com
Marat540 [252]

Answer:

a. The company recognizes loss on the sale of the equipment $6,000

b. The entry to record the sale of the equipment:

Debit Cash $3,000

Debit Accumulated depreciation account $16,000

Debit Loss on sale equipment  $6,000

Credit Equipment $25,000

Explanation:

To recognize gain or loss on the sale of the equipment:

First, the company calculates the carrying amount of the asset by using the original cost of the asset, minus all accumulated depreciation and any accumulated impairment charges.

Then, subtract this carrying amount from the sale price of the asset. If the remainder is positive, it is a gain and if the remainder is negative, it is a loss

On December ​31, 2019​, the carrying amount of the asset = $25,000 - $16,000 = $9,000

Sale price - Carrying amount of the asset = $3,000 - $9,000 = -$6,000

=> The company recognizes loss on the sale of the equipment $6,000

b. The entry to record the sale should be made:  

Debit Cash $3,000

Debit Accumulated depreciation account $16,000

Debit Loss on sale equipment  $6,000

Credit Equipment $25,000

4 0
3 years ago
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